This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to build a military complex that destabilizes the world so it s
Good wednesday morning, welcome to squawk alley. Im carl kinquintanilla, with Morgan Brennan the dow down 538 and the other big story is the inversion of the yield curve which has preceded every u. S. Recession for the past half century. Were going to watch that carefully along with the vix above 21 dom chu is looking at some various factors about the curve and how it might affect assets all around the whorld. It was just around 6 00 a. M. Eastern time that we did see that inversion, the difference between the two and the tenyear looking like its moving higher. You can see the tenyear note yield curvely 1. 584 , no longer inverted however, it has widened out just a little bit two basis points separates these two particular yields. Thats going to be a big deal. Like you said, it has been a possible reliable recession indicator, and one of the ways youre seeing it here is how long its been since weve seen the last move in that particular yield curve. You have to go all the way back to 20
On which the yeas and nays are ordered. The clerk will report the title of the resolution. The clerk house calendar number 32 House Resolution 460. Resolution providing for consideration of the bill h. R. 2722 to protect elections for Public Office by providing Financial Support and enhanced security for the infrastructure used to carry out such elections around for other purposes. Waiving a requirement of clause 6a of rule 13 with respect to consideration of certain rules reported from the committee on rules and providing for consideration of bill h. R. 3351 making appropriations for Financial Services and general government for the fiscal year ending september 30, 2020, and for other purposes. The speaker pro tempore the question is on ordering the previous question. Members will record their votes by electronic device. This is a 15minute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any us
Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you being here today. Todays hearing is about the state of the International Financial institutions. I want to take a minute to talk about the debt ceiling crisis that we narrowly avoided. First, were all glad that they seized behind us and. No one wanted to default no legislative branch official no executive branch official your statement says waiting until the last minute hurts american credibility i
Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you being here today. Todays hearing is about the state of the International Financial institutions. I want to take a minute to talk about the debt ceiling crisis that we narrowly avoided. First, were all glad that they seized behind us and. No one wanted to default no legislative branch official no executive branch official your statement says waiting until the last minute hurts american credibility i